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Gas
Oil Price
Murphy Oil to Close Arknsas, Alberta Offices
Murphy Oil has announced that it is closing its legacy headquarters in Arkansas and shuttering an office in western Canada.
Oil & Gas Trade
McDermott Wins Contract for LPG Spheres in Caribbean
A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.
EU Energy Ministers must Phase Out Fossil Gas and Improve Their 2030 Plans
EU energy ministers have discussed sector integration as well as the state of play of the National Energy and Climate Plans (NECPs).
LNG
Nuclear Power to Be Replaced with LNG, Renewable Energy Powers
The South Korean government is planning to reduce the number of nuclear power plants in South Korea to 17 and halve the number of coal power generators to 30 by…
Energy Transition
EU Bank Ends Fossil Fuel Lending in World-First for Climate
The European Investment Bank (EIB) today became the world's first public lender to commit to ending funding for coal, oil and gas.
Oil&Gas Drilling
SOCAR Starts Drilling New Well at Umid Gas Field
The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.
SINOPEC
Sinopec Puts China's Largest Petrochemical Port into Operation
China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Reno…
Oil Price
Oil Glut Drives Oil Prices Lower
Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even …
Crude Oil
Goldman Sachs: Oil Demand Could Exceed Supply By End-May
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting tha…
Oil and Gas Technology
Itron Announces Innovative Gas Technology for Gen5 Network
Itron has announced its innovative 500G gas Encoder Receiver Transmitter module is now available on its Gen5 network.
Oil&Gas Drilling
Odfjell Drilling's Deep-Sea Yantai Got the Green Light
Neptune energy is exploring and drilling in the north sea using the yantai deep-sea semi-submersible drilling platform.
Oil & Gas Trade
India's LNG Imports Jumped 18 % in 2019-2020
India's imports of liquefied natural gas (LNG) jumped by 18% in 2019-2020.
Oil Field
Ghana Instructs Eni and Local Producer to Combine Oil Fields
Ghana has directed Eni SpA and Springfield E&P to begin talks to combine their adjacent oil and gas fields.
LNG
GLOBAL LNG: Asian Spot Prices Recover a Little on Improving Demand
Spot prices for liquefied natural gas in Asia rose slightly this week.
Coal-Fired Power Plants
EPH to Replace N.Ireland Coal-Fired Plant with Gas-Fired Unit
The Czech energy group plans to replace its coal-fired plant at Kilroot in Northern Ireland with a 300-megawatt gas-fired power station.
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